Fed's Warsh: Will decide on rate hike when policymakers 'shut the door' at next meeting

New US Federal Reserve Chair Kevin Warsh, speaking at the ECB's annual policy forum in Sintra, declined to give forward guidance on interest rates, saying policymakers will debate behind closed doors at the next meeting. His earlier comments after the June 16-17 meeting had already pushed investors to raise odds of a Fed rate hike as soon as September, diverging from the ECB which has already hiked. The article also highlights contrasting approaches among major central banks on inflation, climate, and Fed independence, with implications for global capital flows including Indian markets.